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Faster Life Insurance Payments for Veterans' Families

This act shortens the waiting period for life insurance benefit payouts to veterans' families and improves the process of locating eligible beneficiaries. This ensures that veterans' loved ones receive their due funds more quickly and efficiently, directly impacting their financial security after the loss of the insured.
Key points
Shortens the timeframe for designating beneficiaries and paying out veterans' life insurance benefits from two years to one year, and in some cases from four to two years.
Improves the Department of Veterans Affairs' process for locating beneficiaries, including enhanced online search tools and increased dedicated staff.
Establishes a clear order of inheritance for benefits if a veteran did not designate a beneficiary or if the designated beneficiary predeceased them, ensuring quicker resolution.
The Department of Veterans Affairs has two years to disburse all outstanding life insurance funds owed to beneficiaries for two years or longer.
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Became Law
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Additional Information
Print number: 117_HR_8260
Sponsor: Rep. Pappas, Chris [D-NH-1]
Process start date: 2022-07-01
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Faster Payments to Veterans' Survivors Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8260.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-01.

What are the main provisions?

Key points include:

  • Shortens the timeframe for designating beneficiaries and paying out veterans' life insurance benefits from two years to one year, and in some cases from four to two years.
  • Improves the Department of Veterans Affairs' process for locating beneficiaries, including enhanced online search tools and increased dedicated staff.
  • Establishes a clear order of inheritance for benefits if a veteran did not designate a beneficiary or if the designated beneficiary predeceased them, ensuring quicker resolution.
  • The Department of Veterans Affairs has two years to disburse all outstanding life insurance funds owed to beneficiaries for two years or longer.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Pappas, Chris [D-NH-1].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-313.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Benefits Family